TODAY.AZ / Business

President Aliyev issues executive order on BTAK implementation

21 February 2007 [22:52] - TODAY.AZ
Azerbaijan's President Ilham Aliyev issued an Executive Order on the implementation of the plan of complex measures for the Baku-Tbilisi-Akhalkalaki-Kars railway project.

Under the executive order, a state commission has been established for restoration and reconstruction of section Marabda-Akhalkalaki of the Baku-Tbilisi-Akhalkalaki-Kars railway project, financing the section from Akhalkalak to Turkey's border as well as for efficient control for other activities in connection with the project.

The state commission is composed of Transport Minister Siya Mammadov, First Deputy Finance Minister Ilgar Fetizadeh, Deputy Foreign Minister Khalaf Khalafov, Deputy Economic Development Minister Niyazi Safarov, and Executive Director of State Oil Fund Shahmar Movsumov, State Railway president Arif Askerov and head of Board of Managers Jahangir Hajiyev.

The transport Ministry will coordinate the implementation of the plan of measures for the Baku-Tbilisi-Akhalkalaki-Kars railway project.

Relevant commission of Georgia will be loaned $200m to finance the construction. The state oil Fund will finance the construction of the railway.

The Cabinet and the Transport Ministry are to prepare a state program for railway infrastructure development and submit to the Preisdent within a month, President's press service told the APA.

URL: http://www.today.az/news/business/36832.html

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